BUILD CONNECT
ActiveSummary
BUILD CONNECT has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65k and a net result of €35k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 67% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency78▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.02 against 1.65 in 2024; short-term debt: 43.4% and cash: 24.5% of total assets), and 47.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 01-10-2025, 30 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
30 d early
2024
84 d early
2023
68 d early
2022
26 d early
2021
10 d early
2020
16 d late
2019
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€65k▲ 0.4%
2024 · €64k
2019: €28klowest in 7 years
2020: €43k▲ +51.3% vs 2019
2021: €44k▲ +2.0% vs 2020
2022: €59k▲ +34.1% vs 2021
2023: €65k▲ +10.6% vs 2022highest in 7 years
2024: €64k▼ -0.8% vs 2023
2025: €65k▲ +0.4% vs 2024
2019 → 2025
Total assets
€123k▼ 11.4%
2024 · €138k
2019: €48klowest in 7 years
2020: €55k▲ +14.9% vs 2019
2021: €109k▲ +97.4% vs 2020
2022: €83k▼ -23.9% vs 2021
2023: €127k▲ +53.5% vs 2022
2024: €138k▲ +9.1% vs 2023highest in 7 years
2025: €123k▼ -11.4% vs 2024
2019 → 2025
Net result
€35k▼ 10.4%
2024 · €39k
2019: €16k
2020: €15k▼ -8.8% vs 2019lowest in 7 years
2021: €51k▲ +250% vs 2020highest in 7 years
2022: €45k▼ -11.7% vs 2021
2023: €41k▼ -8.1% vs 2022
2024: €39k▼ -4.4% vs 2023
2025: €35k▼ -10.4% vs 2024
2019 → 2025
Working capital
€54k▲ 11.9%
2024 · €48k
2019: €27klowest in 7 years
2020: €38k▲ +37.5% vs 2019
2021: €39k▲ +3.6% vs 2020
2022: €47k▲ +19.3% vs 2021
2023: €48k▲ +2.5% vs 2022
2024: €48k▲ +1.6% vs 2023
2025: €54k▲ +11.9% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€59k▲ 34.1%€65k▲ 10.6%€64k▼ 0.8%€65k▲ 0.4%
2021: €44klowest in 5 years
2022: €59k▲ +34.1% vs 2021
2023: €65k▲ +10.6% vs 2022highest in 5 years
2024: €64k▼ -0.8% vs 2023
2025: €65k▲ +0.4% vs 2024
Operating result€63k-€57k▼ 8.3%€58k▲ 1.4%€58k▼ 1.1%€43k▼ 25.7%
2021: €63khighest in 5 years
2022: €57k▼ -8.3% vs 2021
2023: €58k▲ +1.4% vs 2022
2024: €58k▼ -1.1% vs 2023
2025: €43k▼ -25.7% vs 2024lowest in 5 years
Net result€51k-€45k▼ 11.7%€41k▼ 8.1%€39k▼ 4.4%€35k▼ 10.4%
2021: €51khighest in 5 years
2022: €45k▼ -11.7% vs 2021
2023: €41k▼ -8.1% vs 2022
2024: €39k▼ -4.4% vs 2023
2025: €35k▼ -10.4% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 26% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €123k
Fixed assets
€15k ▼ 4.3%
Current assets
€107k ▼ 12.3%
Equity and liabilities €123k
Equity
€65k ▲ 0.4%
Debt
€58k ▼ 21.6%
Debt's share of the balance-sheet total falls from 53.5% to 47.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▼
2024 · €64k
Cash flow
€40k▼
2024 · €46k
Current ratio
2.02▲
2024 · 1.65
Debt to equity
0.90▼
2024 · 1.15
ROE
54.8%▼
2024 · 61.4%
ROA
28.8%▲
2024 · 28.5%
Interest coverage
23.32▼
2024 · 27.30
Debt ≤ 1 year
€53k▼
2024 · €74k
Income taxes
€7k▼
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€138k€123k▼
Fixed assets21/28€16k€15k▼
Tangible fixed assets22/27€16k€15k▼
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26€6k€7k▲
Current assets29/58€123k€107k▼
Amounts receivable within one year40/41€49k€52k▲
Trade receivables40€39k€17k▼
Other amounts receivable41€10k€35k▲
Current investments50/53€24k€24k▲
Cash at bank and in hand54/58€48k€30k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€138k€123k▼
Equity10/15€64k€65k▲
Contributions10/11€19k€19k=
Revaluation surpluses12-€385
Reserves13€40k€46k▲
Distributable reserves133€40k€46k▲
Profit (loss) carried forward14€6k€0▼
Amounts payable17/49€74k€58k▼
Amounts payable within one year42/48€74k€53k▼
Current portion of amounts payable after more than one year42€7k€9k▲
Trade debts44€15k€217▼
Suppliers440/4€15k€217▼
Advances received on contracts in progress46-€266
Taxes, remuneration and social security45€11k€8k▼
Taxes450/3€11k€8k▼
Other amounts payable47/48€40k€36k▼
Accrued charges and deferred income492/3€0€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€4k▼
Other operating charges640/8€2k€768▼
Gross operating margin9900€66k€48k▼
Operating profit (loss)9901€58k€43k▼
Financial income75/76B€5k€2k▼
Recurring financial income75€5k€2k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€61k€43k▼
Income taxes67/77€21k€7k▼
Profit (loss) for the period9904€39k€35k▼
Profit (loss) for the period to be appropriated9905€39k€35k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€42k▼
Profit (loss) brought forward from the previous period14P€6k€6k=
Transfer from equity791/2€40k€0▼
Transfer to equity691/2€39k€6k▼
To other reserves6921€39k€6k▼
Profit to be distributed694/7€40k€36k▼
Return on contributions (dividend)694€40k€36k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €955 | €1k | €5k | €7k | €4k | ▼ 33.6% |
| Other operating charges640/8 | - | €963 | €1k | €2k | €768 | ▼ 54.4% |
| Gross operating margin9900 | €64k | €60k | €65k | €66k | €48k | ▼ 27.2% |
| Operating profit (loss)9901 | €63k | €57k | €58k | €58k | €43k | ▼ 25.7% |
| Financial income75/76B | - | €3k | €1k | €5k | €2k | ▼ 61.7% |
| Recurring financial income75 | €4k | €3k | €1k | €5k | €2k | ▼ 61.7% |
| Financial charges65/66B | - | €416 | €3k | €2k | €2k | ▼ 14.0% |
| Recurring financial charges65 | €684 | €416 | €3k | €2k | €2k | ▼ 14.0% |
| Profit (loss) for the period before taxes9903 | €66k | €60k | €57k | €61k | €43k | ▼ 29.3% |
| Income taxes67/77 | €15k | €15k | €15k | €21k | €7k | ▼ 64.7% |
| Profit (loss) for the period9904 | €51k | €45k | €41k | €39k | €35k | ▼ 10.4% |
| Profit (loss) for the period to be appropriated9905 | €51k | €45k | €41k | €39k | €35k | ▼ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109k | €83k | €127k | €138k | €123k | ▼ 11.4% |
| Fixed assets21/28 | €5k | €12k | €19k | €16k | €15k | ▼ 4.3% |
| Tangible fixed assets22/27 | €5k | €12k | €19k | €16k | €15k | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €2k | €3k | €2k | €3k | ▲ 14.1% |
| Furniture and vehicles24 | - | €7k | €13k | €8k | €5k | ▼ 30.2% |
| Other tangible fixed assets26 | - | €3k | €3k | €6k | €7k | ▲ 24.4% |
| Current assets29/58 | €104k | €70k | €108k | €123k | €107k | ▼ 12.3% |
| Amounts receivable within one year40/41 | €68k | €37k | €65k | €49k | €52k | ▲ 7.1% |
| Trade receivables40 | - | €23k | €28k | €39k | €17k | ▼ 55.8% |
| Other amounts receivable41 | - | €14k | €37k | €10k | €35k | ▲ 261% |
| Current investments50/53 | €6k | €14k | €19k | €24k | €24k | ▲ 1.6% |
| Cash at bank and in hand54/58 | €29k | €9k | €22k | €48k | €30k | ▼ 38.0% |
| Deferred charges and accrued income490/1 | - | €11k | €2k | €2k | €1k | ▼ 31.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109k | €83k | €127k | €138k | €123k | ▼ 11.4% |
| Equity10/15 | €44k | €59k | €65k | €64k | €65k | ▲ 0.4% |
| Contributions10/11 | - | €13k | €19k | €19k | €19k | = |
| Revaluation surpluses12 | - | - | - | - | €385 | - |
| Reserves13 | €31k | €39k | €40k | €40k | €46k | ▲ 15.4% |
| Distributable reserves133 | - | €39k | €40k | €40k | €46k | ▲ 15.4% |
| Profit (loss) carried forward14 | - | €6k | €6k | €6k | €0 | ▼ 100% |
| Amounts payable17/49 | €65k | €24k | €62k | €74k | €58k | ▼ 21.6% |
| Amounts payable within one year42/48 | €65k | €24k | €60k | €74k | €53k | ▼ 28.1% |
| Current portion of amounts payable after more than one year42 | - | - | €7k | €7k | €9k | ▲ 19.6% |
| Trade debts44 | €2k | €3k | €2k | €15k | €217 | ▼ 98.6% |
| Suppliers440/4 | - | €3k | €2k | €15k | €217 | ▼ 98.6% |
| Advances received on contracts in progress46 | - | - | - | - | €266 | - |
| Taxes, remuneration and social security45 | - | €21k | €10k | €11k | €8k | ▼ 26.0% |
| Taxes450/3 | - | €21k | €10k | €11k | €8k | ▼ 26.0% |
| Other amounts payable47/48 | - | €0 | €41k | €40k | €36k | ▼ 11.3% |
| Accrued charges and deferred income492/3 | - | - | €2k | €0 | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €45k | €41k | €39k | €35k | ▼ 10.4% |
| + Depreciation and write-downs630 | €955 | €1k | €5k | €7k | €4k | ▼ 33.6% |
| Operating cash flow (approximation) | €52k | €46k | €47k | €46k | €40k | ▼ 13.7% |
| Investment in fixed assets (approximation) | - | €-9k | €-12k | €-4k | €-4k | ▼ 1.1% |
| Change in cash | - | €-20k | €14k | €26k | €-18k | ▼ 171% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
01-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Highest result since 2019net €51k ▲250%
Operating result €63k, net result €51k, both a record.
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
31-03
Financial
Weakest financial yearnet €15k ▼8.8%
Net result drops to €15k, the lowest in the series; recovery starts the following year.
2019
27-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Heusden-Zolder · 1 establishment unit since 2018
Ground area
688 m²
Building footprint
128 m²
Volume, LiDAR
864 m³
Parcel 71502C0042/00C003, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BUILD CONNECT
since 20182.276.462.316
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71502C0042/00C003 | Flanders | 688 m² | 1 · 128 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,172 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-05-2018
Fiscal year end31-03
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
43990Other specialised construction activities
70200Business and other management consultancy
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.